Photo: NZ HeraldFletcher Building is being sued for $7.5 million by utilities contractor Electrix, one of the subcontractors on the Christchurch Justice and Emergency Services Precinct. The NZX-listed company lost more than $400m constructing the facility for the Ministry of Justice. It says it should have only paid Electrix $14m. Further letters of intent sent by Fletcher show that the NZ-listed company wanted to further contract with Electrix, Quinn claims. As the subsidiary of foreign firm Vinci, Electrix is required to file its financial statements to the Companies Office.

Source: Otago Daily Times October 07, 2019 01:18 UTC